I have been paying on a mortgage for 14 yrs. Now under finacial stress, i need to reduce the payments and concolidate. i want to remorgage over the longest amortization that i can. Right now i pay 700.00 on 70,000 . Can i do this? We are now on CPP and money is real tight. [...]

mortgage term is the length of mortgage.. Amortized over the life of the loan.. Amortization is actual payments,, and how they are figured, and often can change with extra or missed payments…. I think.. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-amortization%2Fmortgages-what-is-the-difference-between-amortization-period-and-mortgage-term’; addthis_title = ‘Mortgages%3A+What+is+the+difference+between+amortization+period+and+mortgage+term%3F’; addthis_pub = ”;